1060 3rd Street, Daytona Beach, FL 32117
$950,000
Property Type:
Residential Income
Bedrooms:
16
Square Footage:
7,296
Lot Size (sq. ft.):
23,958
Status:
Closed
Current Price:
$950,000
List Date:
9/17/2021
Last Modified:
9/23/2024
Description
TURNKEY WITH EXCELLENT TENANTS! This 8-unit apartment complex is made up of two concrete buildings with ample tenant parking in a central part of town close to everything. Each unit has 2 beds and 1 bath + nice sized living room and kitchen, independent electric AND water meters, central AC units (some new, none older than 8yrs), backyard space, and most units have been updated. There is a separate laundry area with coin-operated washer and dryer for some ancillary income. Agent is related to the owner.
More Information MLS# 1088642
Location, Tax, and Legal
Country: US
Parcel Number: 5237-13-00-0560
Tax Annual Amount: 4788
Tax Year: 2020
Tax Legal Description: LOT 56 MAGNOLIA GARDENS SEC 1 HOLLY HILL MB 23 PG 124 & ADJ VACATED TOMOKA RD & VAC PARK PER OR 4656 PGS 2131-2132 PER OR 6299 PGS 0530-0531
Currently Not Used
Bedrooms Total: 16
Living Area Source: Appraiser
Building Area Total: 7296
Year Built: 1972
Carport YN: No
Pool Private YN: No
General Property Information
Lot Size Acres: 0.55
Living Area: 5704
Number Of Units Total: 8
Association YN: Yes
Association Fee 2: 0
Directions: Nova Rd to 3rd St
Public Remarks: TURNKEY WITH EXCELLENT TENANTS! This 8-unit apartment complex is made up of two concrete buildings with ample tenant parking in a central part of town close to everything. Each unit has 2 beds and 1 bath + nice sized living room and kitchen, independent electric AND water meters, central AC units (some new, none older than 8yrs), backyard space, and most units have been updated. There is a separate laundry area with coin-operated washer and dryer for some ancillary income. Agent is related to the owner.
Water Body Access YN: No
List Price/SqFt: 170.93
Sold Price/SqFt: 166.55
Bedrooms Total: 16
Year Built: 1972
Appliances
Electric Range: 1
Refrigerator: 1
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Multi Units: 1
Current Use
Multi-Family: 1
Income and Expenses
Gross Income: 6500
Gross Scheduled Income: 78000
Net Operating Income: 58618
Owner Pays
Grounds Care: 1
Insurance: 1
Taxes: 1
Parking Features
Parking Lot: 1
Roof
Other: 1
Sewer
Public Sewer: 1
Tenant Pays
Electricity: 1
Water: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 0
Unit SqFt: 713
Beds Total: 2
Full Baths Total: 1
Unit 2 Details
Unit ID: 5
Actual Rent: 900
Unit SqFt: 713
Beds Total: 2
Full Baths Total: 1
Unit 3 Details
Unit ID: 8
Actual Rent: 900
Unit SqFt: 713
Beds Total: 2
Full Baths Total: 1
Unit 4 Details
Unit ID: 2
Actual Rent: 925
Unit SqFt: 713
Beds Total: 2
Full Baths Total: 1
Unit 5 Details
Unit ID: 4
Actual Rent: 925
Unit SqFt: 713
Beds Total: 2
Full Baths Total: 1
Unit 6 Details
Unit ID: 6
Actual Rent: 925
Unit SqFt: 713
Beds Total: 2
Full Baths Total: 1
Unit 7 Details
Unit ID: 3
Actual Rent: 950
Unit SqFt: 713
Beds Total: 2
Full Baths Total: 1
Unit 8 Details
Unit ID: 7
Actual Rent: 975
Unit SqFt: 713
Beds Total: 2
Full Baths Total: 1
Water Source
Public: 1
Historical Information
Public Historical Remarks 1: Meters: # Electric Meters: 9, # Water Meters: 9; Franchise Opt In: No
Contract Information
Current Price: $950,000
Sold Price: $950,000
Status: Closed
Listing Contract Date: 2021-09-16
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 1060
Street Name: 3rd
Street Suffix: Street
County: Volusia
State: FL
Postal Code: 32117
Subdivision Name: Magnolia Gardens
MLS Area Major: 35 - Mason to LPGA E of 95
Status Change Information
Major Change Timestamp: 2021-10-23T15:21:44Z
Major Change Type: Status Change
Purchase Contract Date: 2021-09-20
Close Date: 2021-10-22
Close Price: 950000
Property Features
Appliances: Electric Range; Refrigerator
Construction Materials: Block; Concrete
Cooling: Central Air; Multi Units
Current Use: Multi-Family
Owner Pays: Grounds Care; Insurance; Taxes
Parking Features: Parking Lot
Roof: Other
Sewer: Public Sewer
Tenant Pays: Electricity; Water
Water Source: Public
Listing Office:
Florida Beaches Real Estate Company
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.